NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
USA - NYSE:NGG - US6362744095 - ADR
76.7 USD
-0.2 (-0.26%)
76.7 USD
0 (0%)
We assign a technical rating of 8 out of 10 to NGG. Although NGG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
NGG is part of the Multi-Utilities industry. There are 25 other stocks in this industry. NGG outperforms 79% of them.
A new 52 week high is currently being made by NGG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
NGG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, NGG did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NGG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
55.44
77.72
We found 4 important support areas.
- A support zone ranging from 72.03 to 74.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.09 to 70.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 67.43 to 67.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 76.95 to 76.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGG is up. |
| ChartMill Relative Strength | 71.84 | POSITIVE | NGG has a high relative strength, it outperformed 71.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.7 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests NGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.08 | OVERBOUGHT | The high Stochastics value suggests NGG may be overbought. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 32.88 | POSITIVE | The high ADX value value for NGG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.96 | 73.27 | 3.69 (4.79%) | 20.86% |
| An entry @76.96. This is a Buy Stop order right above the resistance zone. | An exit @73.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.69 points, which is 4.79%. | For a 1.00% total portfolio risk, you can invest 20.86% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
76.7
-0.2 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.26%
1 Week1.05%
2 Weeks4.6%
1 Month8.76%
3 Month6.31%
6 Month6.47%
12 Month17.37%
2 Year27.51%
3 Year40.42%
5 Year29.02%
10 Year-1.8%
15 Year48.08%
Volatility
ATR(14)1.02
ATR(20)%1.31%
ATR Inc-26.53%
Range Today0.69
ADR(20)0.85
ADR(20)%1.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.84
3 months CRS69.37
6 months CRS42.18
Mansfield0.21
10 Day High77.27
10 Day Low73.28
20 Day High77.27
20 Day Low71.05
52 Week High77.27
52 Week Low55.82
CS1 End74.31
CR1 Start76.95
Volume & EV
DER(3)-3.71%
DER(5)-1.12%
Volume566.00K
Volume Incr1.2%
Vol(5)701.54K
Vol(50)607.90K